Fidelity Magellan Boosts
Its Holdings in Stocks

Dow Jones News Services

Updated May 12, 1996 4:48 a.m. ET

NEW YORK -- Fidelity Magellan, the nation's largest mutual fund, increased its holdings in stocks -- especially in the energy sector -- at the end of March, according to Fidelity Investments' May Mutual Fund Guide. At the same time, its bonds and cash holdings were reduced.

Energy stocks replaced financials as the fund's top sector, according to the guide, which lists the fund's top holdings as of March 31, the latest figures...